More Ideas for Good Buys

By

Sham Gad

| Aug 7, 2013 | 2:00 PM EDT

I discussed on Tuesday the near universal use of stock lists that identify stocks hitting new lows as a fruitful source of investment ideas.

I gave examples of prominent investors -- present and past -- that have made small fortunes from investing in companies during periods of maximum pessimism. I noted the example of Warren Buffett investing in the Washington Post (WPO) in the 1970s when media stocks were hated by the market. This week, WPO announced the sale of the flagship paper for $250 million and it is estimated that Buffett has made a 9000% return over the last 40 years....487 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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